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July 7, 2024
And after the wildfires. This comes as the number of dead continues to climb. It is 67 tonight, but will likely go higher. Firefighters are making progress in getting the fires under control, the one that ravaged lahaina is 85 contained. The kihei fire is at 80 and a third fire is at 50 . However, there is a new evacuation tonight for kaanapali because of a fire. We are continuing to get harrowing tales from people who survived and barely escaped. There were people jumping into the ocean, swimmi...
July 7, 2024
Ferro, Lisa Abramowicz, and in reordering. Jonathan your equity market is lower. Kicking off the month with that stock is down. We are plunging 29 . These are the issues, discovery material weakness, writing down the value of companies required and replacing leadership over it and why bc. Lisa the kitchen sink was about loan mark reserves and everyone says this is because they crossed the threshold. This raises questions of if it goes deeper than that which to be is more concerning an speak some...
July 3, 2024
Be, i have to make you understand this stuff. Let me use the impact of these glp1 weight loss drugs as an example. Now these medications made by novo nordisk and eli lilly has multiple uses, and theyve become one of the most powerfully disruptive concepts ive ever seen in all my years in this business. I call them concepts because theyre not yet a reality. That doesnt seem to matter to wall street. We own eli lilly for the Charitable Trust and talk about it endlessly and do so with a reason. Its...
June 30, 2024
Angry and personal fights theyre bringing their version forward and its bringing President Trump and republicans closer to a major legislative win. But will the full senate vote for it . And you will not believe which powerful democrat leader backed Corporate Tax cuts that the democrats now attack . Weve got the name and the details were also getting breaking new developments in send a ton al frankens Sexual Harassment allegations now engulfing washington d. C. It turns out this was not the firs...
June 30, 2024
This wasnt happening a year ago i ran a business a year ago. A year ago all we were doing was spending money and time dealing with regulation and being worried about the federal government. Now, businesses are excited to invest capital and work with the federal government. Liz President Trump just departing joint base andrews for pensacola, florida for a rally of thousands of people on the heels of the strengthening economy the best in a decade as democrats set themselves up to pummel republican...
June 30, 2024
Records, tax reform and that surprise special election result in alabama. Plus a little more clarity and an update on disney and fox. We are less than 24 hours from the announcement of that deal. Apples billion dollar fund finds another investment fin asar surgeries on the news as apple builds on lasers and specialized chips. The fed is expected to raise Interest Rates again today as it concludes its twoday meeting. If so, it would be the third rate hike of the year. Then this afternoon the pres...
June 30, 2024
U. N. Sanctions an act of war and said countries involved would pay dearly. The Security Council approved a range of measures aimed at reducing north koreas imports of Refined Oil Products such as diesel and kerosene by as much as 90 . The sanctions also tightened restrictions on shipping and imposed a 24month deadline on workers returning home. It is not much a Merry Christmas for apple. Analysts lowered iphone 10 projections in the First Quarter because of weaker demand at the end of the Holid...
June 30, 2024
The stock has been suspended since april. It is not such a Merry Christmas for apple. Projections for the First Quarter were reduced after weekend demand. Securities company sever links says sales may be 10 million fewer than previous estimates well gl warren capitals the shipments have dropped also. Quick check of apple supplies in hin hai andorea, its counterparts all trading lower. Indian Prime Minister narendra latestunched new delhis metro system connecting the city to the tech hub. It is d...
June 30, 2024
And into the fryer good thursday morning welcome to squawk alley. Were at post nine of the new york stock exchange. Dow is down 91 currently the worst drop of the year so far. The big news today though, amazon announcing the finalist for the hq2. We have details. Good morning, carl. And lets go straight to a map of the 20 contenders youll see that most of the locations, they fall in the midwest, south, and east coast of the country away from amazons current home of seattle and the west coast in ...
June 30, 2024
Streak as the tenyear pulls back from highs. Bob pisani here at the nyse. Lets start with you. Listening to this lovely music. Im 12 years old again another thing about today, selloff in the middle of the day. Three days in a row this is happening. Up 350, cut essentially in half. The market started very strong in fact, the cyclicals were the story. Looked like early january. What i mean by cyclicals, growth names. United technologies up 3 . Thats moving the dow up 30 points boeing was much stro...